The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay its investors a semi-annual distribution equal to 1.98 per cent of the unit NAV (Net Asset Value) of US$ 5.3286, being the NAV as on May 30, 2013.

Accordingly, each unit in the fund will receive a dividend pay-out of US$ 0.10569.

The fund earned profit equivalent to US$ 63,2029.02 from  November 29, 2012 to  May 30, 2013.

"We are extremely pleased to be offering one of the best products in the market for our Islamic investors with good levels of income and low volatility. In a market that has seen returns to investors shrink, we are particularly proud to be able to offer this income and total return," said Mark Watts, General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group.

Investors who have successfully subscribed into the fund by May 29, 2013 or earlier, will be eligible to receive dividends.

The dividend pay-out method will be based on the pay-out preference each investor in the fund had selected at the time of subscription. Accordingly, dividend reinvestment will be based on the unit NAV of June 5, 2013, while dividend pay-out in the form of cash will be paid out within 12 working days from the ex-dividend rate.